Stocks

Social media firm Reddit’s stock rose 13.5% after a data-sharing deal with OpenAI, the creator of the artificial intelligence (AI) chatbot ChatGPT. On May 16th, Reddit announced its partnership with OpenAI. This deal grants OpenAI access to Reddit’s data application programming interface (API), providing real-time content from platform posts. Reddit…

The XRP price has gained by 0.5% in the past 24 hours, rising to $0.5209 on a day when the crypto market as a whole has risen by the same percentage. XRP is now up by 1% in a week and by 3.5% in the last 30 days, with the…

Bitcoin Price Prediction Bitcoin (BTC) held steady above the $66,000 mark, reaching an intra-day high of $66,500. The Bitcoin price prediction now indicates strong bullish momentum, driven by increasing institutional interest. BlackRock’s iShares Bitcoin Trust (IBIT) has attracted significant investment, while CME Group’s planned entry into Bitcoin spot trading is…

Presidential candidate Donald Trump recently expressed his backing for crypto, indicating that he would cease hostility towards crypto in the US if he were to be re-elected. “If we’re going to embrace it, we have to let them be.” He also told the audience that if they like crypto, “you…

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) China President recently shared insights on the challenges and solutions for cross-border central bank digital currency (CBDC) interoperability. In an interview with 21st Century Business Herald, Wen Yang addressed the fragmentation in CBDC systems due to varying technological paths and standards among…

The Autorité des Marchés Financiers (AMF), France’s local financial commission, has reminded investors in a warning note published Thursday, to refrain from trading crypto platform, ByBit. ByBit, which is one of the largest crypto exchanges globally, scored significant growth in the recent past. The exchange hit 20 million registered users…

The Depository Trust and Clearing Corporation (DTCC), the largest settlement system in the world, has partnered with blockchain oracle Chainlink to conclude a pilot program involving several major banking firms in the United States. The primary objective of the program was to enhance the tokenization of traditional finance funds. The…

Binance has teamed up with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office to solve a significant case involving cryptocurrency-assisted money laundering. The investigation centered around illicit funds amounting to nearly NT$200 million, equivalent to approximately $6 million, the exchange said in a press release shared…

A customer sued Dolce & Gabbana USA on Thursday, claiming the NFTs they purchased lost 97% in value due to the company’s bungled delivery. Bloomberg reported Friday that the Italian fashion house sold the NFTs on Ethereum, promising “a slate of digital, physical and experiential benefits.” It reportedly told consumers…

Bitcoin Price Prediction Bitcoin is trading just above $65,000, experiencing a 1.25% correction after a recent surge. This upward movement was driven by weaker US CPI data, dovish FOMC sentiment, and a break from a symmetrical triangle pattern. Despite this slight bearish correction, the Bitcoin price prediction remains bullish, especially…